Average WholesaleHeating Oil Prices inNebraska

Analysis

The average wholesale heating oil price on February 28, 2011, had leaped 24 cents from the last report to $3.10 per gallon (see the table at the end of this report). The graph below shows the spread in Nebraska prices from month to month and from this year compared to previous years. This week's average price was 95 cents (or 44 percent) higher than the price a year ago.

The other states surveyed in the Midwest Region had comparable wholesale prices ranging from $3.00 to $3.15 per gallon resulting in a regional average of $3.05. States near in proximity to Nebraska, such as Missouri and Minnesota, had prices of $3.04 and $3.11, respectively.

For the week ending February 25, the Midwest distillate inventory level was in the upper half of the normal range for this time of year with the heating oil inventory level at 1.2 million barrels.

Notes: The annual report for the 2009-2010 winter season is available.
An archive houses annual reports from previous years.

Heating Season

The Oil Price Information Service collects wholesale heating oil prices
each week for Nebraska and twelve (12) other states in the Midwest Region during the heating season (October to March). The
Energy Information Administration, the independent statistical and analytical agency within the
U.S. Department of Energy, uses the prices collected by the Oil Price Information Service to calculate a state average price, a
regional average price, and a national average price which can be seen in the report
Wholesale
Heating Oil Prices by Region and State.

Off Season

Prices are not collected during the off season (April through September).

Midwest Region

For statistical purposes, the Energy Information Administration defines the
Midwest region to include
the states of Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio,
Oklahoma, South Dakota, Tennessee, and Wisconsin.